Standard Life Aberdeen assets rise after Virgin Money deal

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The news marks a turnaround in performance for Standard Life Aberdeen which had suffered months of net outflows of client cash.

The company said that while assets managed on behalf of insurance, institutional and retail clients had all risen in the last quarter, it continued to see outflows from “a small number of strategies.”

The Edinburgh-headquartered company announced a series of board changes in March.

It was announce that Keith Skeoch would take over as sole chief executive, ending the job-share with Martin Gilbert while Stephanie Bruce from Big Four accountant PwC took over as its chief financial officer.

The announcement came ahead of SLA’s AGM today where Bruce’s appointment will be subject to election by shareholders.